BEML cmp:3241; RSI: 40.42
As per wave analysis, BEML has completed ABC correction pattern and at verge of breakout. RSI also suggest the script is at oversold category, the current market sentiment may further break it down in intraday swing of in range of 3075-3224. This opportunity should be garbbed for fresh entry, those who hold the script should continue holding it with a stop loss of 3050.. Current chart trend is strong, clouser of BEML above 3357 level with volume should confirm the breakout, short term tragets as below:
Short term target: 3725 (4W); Mid term target: 4138 (4M)Stop loss : 3050
As per wave analysis, BEML has completed ABC correction pattern and at verge of breakout. RSI also suggest the script is at oversold category, the current market sentiment may further break it down in intraday swing of in range of 3075-3224. This opportunity should be garbbed for fresh entry, those who hold the script should continue holding it with a stop loss of 3050.. Current chart trend is strong, clouser of BEML above 3357 level with volume should confirm the breakout, short term tragets as below:
Short term target: 3725 (4W); Mid term target: 4138 (4M)Stop loss : 3050
Trade active:
BEML @ 3745; Short Term Target Reached, Book profit (50%) and accumulate at lower level.
Trade closed: target reached:
BEML cmp:4169.70 @ 18/06/24; Mid Term Target Reached.
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Trade active:
Good chance to accumulate the stock, this political turmoil will last for a week and BEML should achieve its target of RS: 4925 in nest 45 days.